Bandai Namco announced financial results for the first quarter of fiscal year 2023, that is, the period from April 1 to June 30, 2022. Japanese publisher fixed income and profit in net growth year on year, mainly due to ancient ring.
According to data released to shareholders, we learn that first-quarter revenue was 216.24 billion yen, about $1.63 billion, up 21.5% from the same period in the previous fiscal year. Profit instead was 44.3 billion yen, or $333.181 million, up 64.3% year on year.
In general, all branches of the company recorded positive results. In particular, the segment Digital businessfor video games, revenue increased by 34.1% and profit increased by 148.7% year on year. All this with the fact that Bandai Namco did not release any large-scale games in the last quarter, so these results were due to a long wave of Elden Ring sales, which we still often find at the top positions in the sales charts. and digital.
The Japanese publisher also raised its estimates for the first half of the fiscal year, raising its revenue forecast from 400 billion to 430 billion yen and profit from 46 billion to 72 billion yen.
Bandai Namco recently announced the lineup of games it will be showing at Gamescom 2022, which also includes One Piece Odyssey and The Dark Pictures: The Devil in Me, among others.
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